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<br />MORTGAGE
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<br />88-102790
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<br />MORTGAGE LOAN NO. L 25053
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<br />KNOW ALL MEN BY TIlESE PRESENTS: That Eugene L. Knuth and Carol L. Knuth, each in his and her
<br />own right, and as spouse of each other,
<br />
<br />Mortgagor, whether one or more. in consideration of the IUD1 of
<br />Twenty Eight Thousand and nollOO -------------------------------------------------DoLLARS
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<br />loaned to said mortgagor by The Equitable Building and Loan Association of Grnnd Island, NebClSka, Mortgagee, upon 280 shaIes of stodc. of
<br />said ASSOCIATION, Certificate No.L 25053 ,do hereby grant, convey and mortgage unlo the said ASSOCIATION the foJlowin&
<br />described real estate, gluated in liaD Counly, Nebraskn:
<br />
<br />Lot Nineteen (19), LeHeights Fourth Subdivision, Hall County, Nebraska,
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<br />together with aU the lenements, heredilaments and appurtenances Ihereunto belonging. including aluched floor covcinp. aD wind.... screens.
<br />window shades, blinds, slorm windows, awnings, healing. air conditiomng, and plumbing and water equipmenl and a=ssorics thereto. pumps. ~
<br />refrigefiltors, and other fixlures IUId equipment now or horeafter attached to or used In conneclion with saId real estate.
<br />
<br />And whereas the said mortgagor has agreed and does hereby agree that Ihe mortgagor shall and will pay aD lues and &l:ICSSItIeIIts Ieried or
<br />assessed upon said premises and upon this mortgage and Ihe bond secured thereby before Iho $Orne shall become delinquent; to furnish approved
<br />insur.utce upon the buildings on said premises situated in the sum of S 28,000.00 payzbJe to said ASSOCIATION and to deliIl:r to aid
<br />ASSOCIATION the policies for said insurance; and not to c..mml! or pennit any waste on or ahout said premisz:s.
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<br />In case of default in the performance of any of Ihe terms and conditions of IIus mortgage or Ihe bond secured hereby, the ~ man.
<br />on demand, be entitled to immediate possession of Ihe mortgaged premises and Ihe mortgagor hereby assigns. tramfen and sets mer to the
<br />mortgl#e all the rents. revenues and income 10 be derived from the mortgaged premises dUling such lime as the mortgage indebtedness WII nmaill
<br />unpaid; and lbe mortgagee shall have Ihe power ro appoint any agent or agents it may desire for the purpose of repairing aid premiIcs aDd ~
<br />!he same and colleciing Ihe rents. revenues and income. and it may payout of said mcome aU expensrs of repairing said premixs and ~
<br />commissions and expenses incurred in renting and managing tht S3ffiC and "f collecting renlals lberefrom; the bl.bnce rerna.ilIin!:. if any, to be
<br />applied toward Ille discharge of S3id mortgage indebtedness; these rights of the mortgagee may be exercised al any time dwin& the existence of such
<br />defaull, irrespeCiive of any lemporary waiver of the same.
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<br />The", Presenls, however. arc upon the Condition. TI131 If the saId Morlgagor shall repay said loan on or before the malurily of said slwes II)'
<br />payment; pay monlhly III !i3,d ASSOCI A TlON of Ihe sum specified in Ihe Bond secured hereby as interest and principal on said loan. on or before
<br />the Twenlieth day of e.d, and eve.)' month.unlil said lo.n is fully paid; pay all taxes and assessments levied against said pn:tI1isa and on this MonPF
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<br />and Ihe Bond secured the,ehy, hefllle delinquent')'; furnIsh approved insurance upon Ihebuildings thereon in Ibe sum ofS28 ,000.00 payable
<br />to said ASSOCIATION; lepay to saId ASSOCIATION upon demand all money b)' il paid for such lUes, assessments and insurance with iniCreSt al
<br />the maximum k-glIlrllte Iheleon flOm date uf payment all of which Mortgagol hereby agrees to pay;permil no waste on said premises;keep and c>mply
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<br />wilh alllhe agreement> and condltluns of the Bond for S 28,000.00 Ihis day giver. by Ihe said Mortgagor to said ASSOCIATION, and ClOtmply
<br />with alllhe requiJemena uf Ihe Cunstltution and By.Laws of said ASSOCIATION; Ihen these presents shaD become nuD and mid.oth""""'" tho),
<br />shall remain in full fill." and may be fOleclosed al the opliun uf Ihe said ASSOCIATION after failure for three months 10 make any of Wd
<br />p3ymenl. or be lhree months on arrca.. on making said monthly p.)'menls, or to keep and compl)' with the agreements and conditions of sa;d Bond;
<br />and Morlgagor agrees 10 haye " reCOlver appoinled forthwilh in such foreclosure proceedings.
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<br />If there is any change 10 ownership of Ihe leal estate mortgaged herein, by sale or otherwise, then the entire remaining indebtedness hen:by
<br />secured shall, al the oplion of TIle Equitable Building and Loan Associalion of Grand Island, Nebraska, become immediately due and payable ....Ihout
<br />furlber notice, and the amount remaining due under said bond, and any other bond for any addilionaJ advances made thereunder, sItaII. from the
<br />date of ellCrcise of said option, bear interest al Ihe maximum legal rate, and this mortgage may Ihen be foreclosed to salisfy the amount due 01\ said
<br />bond, and any other bond fOl addilional advances, IIlgether with all sums paid by said The Equitable Building and Loan Association of Grand Island.
<br />Nebraska for insurance, taxes and assessments, and abstracting exlension charges, with interest thereon, from date of paymenl al the maximum
<br />legal rate.
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<br />As provided in the Bond secured hereby, while this mortgage remains in effecI ule mortgagee IIl3Y hereafter advance additional sums to the
<br />maker. of said Bond, their assigns or successors in inlerest, which sums shall be within the security of this mortgage the same as the funds originally
<br />sc<:ured thereby, the total amount of principal debl not 10 exceed at any lime Ihe original amount of this mortgage.
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<br />Oatedthis 27th day of May
<br />
<br />
<br />~~{h ~~
<br />
<br />Carol L. nu Ii
<br />
<br />ST A TEl OF NEBRASKA, l ...
<br />COUNTY OF HALL {
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<br />A. n.. 19 88
<br />
<br />Gnthi.<
<br />
<br />27th
<br />
<br />day of
<br />
<br />May
<br />
<br />19 88 ,before me,
<br />
<br />. th~ undersigned, a NOlary Pul;Jlic in .nd for said County, personaUyClDll!
<br />Eugene L. Knuth and Carol L. Knuth, each In hIS anO her own right,
<br />and as spouse of each other who are personally known 10
<br />
<br />me to be the identical person s whose names are affixed to the above ,"S~J.(iI't:ll as 111Or1~agut S and t hey severally
<br />
<br />acknowledged the saId 1D<lrurnenllo be their yolunlary acl and deed. / /"/
<br />WITNESS on~ hand and Notana1 S.nlthe date afnre""d ~ ' /
<br />
<br />My COmmISS)On cxpncl 9- / - f' "-7?-? A' /..
<br />t..-',.- ..L '1" // /. r-':.2-;a~:~~:~=-
<br />_IMMY-M II...... ' --, N~ Pub he
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